opening a bank account

Last activity 10 June 2016 by hla032

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KatiezeeMember23 May 2016 21:40:58

Hi,
I am looking for some guidance on opening a bank account in Morocco.
What documentation is required?
Is there a particular bank that expats find easy to use for international transfers etc?
Have any expacts ever applied for a loan in Morocco and if so how difficult was it?

Thanks
Kate

kenjeeViP24 May 2016 09:15:24

19610

Hello kate

While waiting for members to revert back, I invite you to browse through threads talking about banking in Morocco in our forum section:

> Banks and finance in Morocco

Regards
Kenjee
Expat.com

hunzerNew member02 June 2016 11:36:12

Hello,

There are 2 types of bank account a foreigner can open in Morocco (as far as I know)
1 - if you are a tourist or non just not resident, then they suggest compte en dirhams convertible, which means you can receive money from abroad. but it cannot receive Dirhams, you also can transfer abroad but you need to justify the source of that money.
2-you are resident, you can open a bank account in Dirhams and in convertible dirhams, unlike the 1st one you can receive Dirhams in this account as long as you have a work contrat and carte de séjour.

Best

hla032Contributor10 June 2016 14:51:39

139

Hi Katiezee,

Hunzer response summarizes your options to open a bank account in Morocco. but as a practical advise, try to avoid BMCI as they are becoming a nightmare lately with international transactions. Otherwise, other banks offer quite good services : SGMB, BMCEBANK,

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